Net inflows into UCITS and AIF totalled EUR 65 billion, compared to EUR 95 billion in May, according to the European Fund and Asset Management Association’s (EFAMA) latest Investments Funds Fact Sheet .
UCITS registered net inflows of EUR 34 billion, down from EUR 62 billion in May, with long-term UCITS (UCITS excluding money market funds) recording net sales of EUR 66 billion, compared to EUR 62 billion in May.
Net sales of equity funds, meanwhile, totalled EUR9 billion, down from EUR13 billion in May, while net sales of bond funds totalled EUR36 billion, up from EUR 0 billion in May, and net sales of multi-asset funds totalled EUR 19 billion, up from EUR17 billion in May.
UCITS money market funds registered net outflows of EUR33 billion, up from net inflows of EUR0.2 billion in May.
Total net assets of UCITS and AIFs totalled EUR14,964 billion at end June, compared to EUR 15,067 billion at end May and EUR14,141 billion at end 2016.
Bernard Delbecque (pictured), Senior director for Economics and Research at EFAMA commented: “Net sales of long-term UCITS were sustained at a very high level in June, allowing them to total EUR 338 billion in the first half of 2017, compared to EUR 169 billion during the whole of 2016.”